Healthpeak Properties, Inc. (DOC) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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DOC Revenue Growth
Revenue Breakdown (FY 2025)
DOC's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
DOC Revenue Analysis (2014–2025)
As of May 6, 2026, Healthpeak Properties, Inc. (DOC) generated trailing twelve-month (TTM) revenue of $2.87 billion, reflecting solid growth of +7.1% year-over-year. The most recent quarter (Q1 2026) recorded $753.0 million in revenue, up 4.7% sequentially.
Looking at the longer-term picture, DOC's 5-year compound annual growth rate (CAGR) stands at +11.4%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $2.82 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows DOC's business is primarily driven by Outpatient Medical Buildings (47%), Lab (31%), and Senior Housing (22%).
When compared to Real Estate sector peers including VTR (+20.7% YoY), WELL (+38.3% YoY), and HR (-7.4% YoY), DOC has underperformed the peer group in terms of revenue growth. Compare DOC vs VTR →
DOC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| DOCCurrent | $2.9B | +7.1% | +11.4% | 19.3% | |
 VTR | $5.8B | +20.7% | +9.0% | 14.2% | |
 WELL | $10.7B | +38.3% | +18.4% | 3.3% | |
 HR | $1.2B | -7.4% | +9.9% | 8.0% | |
 OHI | $1.2B | +14.2% | +6.1% | 62.6% | |
 SABR | $2.8B | -3.8% | +15.7% | 12.7% |
DOC Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.82B | +4.5% | $634.5M | 22.5% | $544.1M | 19.3% |
| 2024 | $2.70B | +23.8% | $1.63B | 60.2% | $471.2M | 17.4% |
| 2023 | $2.18B | +5.8% | $1.28B | 58.6% | $433.9M | 19.9% |
| 2022 | $2.06B | +8.7% | $1.20B | 58.1% | $356.6M | 17.3% |
| 2021 | $1.90B | +15.3% | $1.12B | 59.2% | $340.3M | 17.9% |
| 2020 | $1.64B | +32.6% | $862.3M | 52.4% | $215.1M | 13.1% |
| 2019 | $1.24B | +4.1% | $835.1M | 67.3% | $306.9M | 24.7% |
| 2018 | $1.19B | -35.5% | $812.7M | 68.2% | $311.3M | 26.1% |
| 2017 | $1.85B | -13.2% | $1.18B | 64.0% | $558.6M | 30.2% |
| 2016 | $2.13B | +9.7% | $1.39B | 65.3% | $719.2M | 33.8% |
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Quick answers to the most common questions about buying DOC stock.
Is DOC's revenue growth accelerating or slowing?
DOC maintains +7.1% revenue growth, in line with its 5-year CAGR of +11.4%. TTM revenue stands at $2.9B. Growth rate remains consistent with historical average.
What is DOC's long-term revenue growth rate?
Healthpeak Properties, Inc.'s 5-year revenue CAGR of +11.4% reflects the sustained expansion pattern. Current YoY growth of +7.1% is near this long-term average.
How is DOC's revenue distributed by segment?
DOC reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.